GEMS brings you the best of GameFi, eSports, Metaverse, and SocialFi
Source: GEMS Website
In case you haven’t realized, GEMS is short for Gamefi, eSports, Metaverse and SocialFi. In essence, they consider themselves to be an eSports aggregator, with the aim to propel eSports into 3.0 by incorporating GameFi, Metaverse and SocialFi elements. GEMS doesn’t want to just be another guild, they’ve identified some opportunities in the fast-growing play-to-earn gaming sector and they clearly want to differentiate themselves from the rest of the pack.
According to GEMS, there are a few common issues that the play-to-earn sector is currently facing. There are high barriers to entry into the GameFi world, as the popularity of some games have caused the price of NFT assets to skyrocket. Compared to traditional gaming, the opportunity of earning through blockchain gaming is comparably less due to a lack of tournaments, sponsorships, and live events. Given that blockchain gaming is also relatively newer, there is also a lack of outreach and training for youths to properly educate them about the blockchain and technology space.
As such, GEMS has developed their product offering, with the following unique features:
- NFT Rental Portal & DeFi Union: The GEMS ecosystem will introduce multiple payment models and loans, thereby making powerful and rare NFTs more accessible for everyone.
- FanFi Studio: To recruit aspiring gamers and also attract new fans to influencers and streamers with GEMS’ all-rounded system. A fan tokens system will be introduced to diversify their income stream.
- DAO Guild: The purpose of the guild is to empower the play-to-earn community by offering gamers the opportunity to become guild trainers, team up with others, and create an in-game community. Guild members will be able to make proposals, vote on the organization’s direction, learn from game trainers, and borrow NFTs from the community.
- P2E Arena: To popularize and make blockchain gaming the next eSports by increasing touchpoints in the South-East Asia region through hotels, GameFi tournaments, and events. The first goal in this regard is to own 50 of these offline touchpoints by the end of 2024.
Source: GEMS Website
Source: GEMS Website
In addition, GEMS will leverage their online ecosystem with their offline presence as well, thus effectively making them Online-to-Offline (O2O). They have a plan to own 50 GEMS offline touchpoints by 2024, and these could include hotels, resorts, serviced apartments, and the like. By providing this unique residential model where play-to-earn gamers can focus on honing their craft with the right resources provided by GEMS, they can also earn enough to pay for their stay, thus creating a circular economy where the business model is sustainable. These real estate will be located across their primary market which is South-East Asia, and could potentially reach over 2 million people by 2024.
The $GEMS token will be used to facilitate all transactions in the GEMS ecosystem, including NFT rental and subscription costs. It will also be used for rewards and also for DAO governance. According to the GEMS road map, the IDO is expected to happen in Q1 2022, with the testnet and mainnet launch happening in the same quarter. The rest of their main features are expected to be completed before the end of 2022.
With such a unique Online-to-Offline model, that also provides a comprehensive ecosystem for play-to-earn gamers, we are excited to support GEMS on their endeavor! Be sure to support them as well by following them on their official channels below!
⚙️ Find out more about GEMS:
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